News Releases

HitachiSoft is pleased to announce that it has concluded a strategic partnership with Subex Azure Limited, including exclusive sales rights in Japan for SARAS (Subex Azure Revenue Assurance System), a revenue assurance solution for telecom companies.

Billing errors* such as revenue losses and overcharging, occur In the billing backbone systems of overseas telecom companies as a result of incorrect settings due to errors in operation, system incompatibilities due to multi-vendor configurations, and inconsistencies when settling accounts between telecom companies.

The SARAS revenue assurance system detects and corrects such inconsistencies by extracting and comparing data stored in billing systems and telecom systems, thereby reducing or eliminating revenue loss. An Australian telecom company, for example, has reported that it reduced its revenue loss from 6% to 1% through installing SARAS. Hitachi Software is pleased to have developed Japan?fs first revenue assurance solution wit technical support from Subex Azure.

Based on its experience in configuring billing backbone systems for Japanese telecom companies and SARAS know-how, HitachiSoft will offer SARAS based solutions centered on i) elimination of revenue losses, by identifying their causes through detection and analysis of data inconsistencies between systems, regardless of the telecom system type; and ii) support for response to J-SOX legislation, by providing systems for maintaining and reinforcing internal control to check telecom company business.

Initially, HitachiSoft will configure systems individually for each customer. From fiscal 2007, the company plans to provide ASP service to Internet service providers and cable TV operators. Packages will be priced from 150,000,000 yen, and Hitachi Software expects revenue of 4.0 billion yen over the next three years, including that from package installation, customization, and service provision by ASPs.

* According to a TeleManagement Forum announcement, the percentage of billing revenue lost by overseas telecom companies is 3%-15%.

Subex Azure Ltd. (http://www.subexazure.com) is the world's largest vendor of Revenue Maximization solutions for telecom operators. Subex Azure pioneered the strategic concept of the Revenue Operations Center (ROC) - a centralized and integrated operational infrastructure to monitor, control and assure the integrity of the revenue chain. Subex Azure's RevMax(tm) is an integrated suite of best-in-class software solutions that power the ROC. Subex Azure is the world's No.1 vendor of Fraud Management and Revenue Assurance solutions and 2nd largest vendor of Interconnect and Inter-Party Billing solutions. Subex Azure counts amongst its customers 23 of the world's largest 40 telecom operators and has a customer base of over 150 installations in more than 60 countries. Subex Azure has offices in London, Denver CO, Bangalore and Beijing.

Subex Azure Revenue Assurance System (SARAS) is a first-of-its kind, complete RA solution, designed to tackle critical revenue assurance challenges across the entire revenue chain. SARAS offers a set of pre-configured solution templates to address RA challenges inherent to individual service verticals - Wireless, Fixed, Cable MSPs & MVNOs. These solution templates address revenue assurance issues across multiple functional areas such as service fulfilment, usage integrity, retail billing, interconnect/wholesale billing and content settlement.

* The official name of HitachiSoft is Hitachi Software Engineering Co.,Ltd.
* Windows is a registered trademark of Microsoft Corporation.
* Unix is a registered trademark of X/Open Company Ltd.
* Oracle is a registered trademark of Oracle International Corporation.
* Other names of companies and products mentioned are trademarks or registered trademarks of the companies concerned.

Inquiries:
Mr. Toru Takehashi or Ms. Miki Takano
Corporate Communications
Hitachi Software Engineering Co., Ltd.
Tel: 03-5780-6450
Fax: 03-5780-6455
E-mail:press@hitachisoft.jp